Common use of Increase in Cost Clause in Contracts

Increase in Cost. If, due to either (i) the introduction of, any change in or in the interpretation of, any law or regulation after the Closing Date, or (ii) the compliance with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) made after the Closing Date, there shall be any increase in the cost to the Lenders of agreeing to make or making, funding or maintaining Eurodollar Rate Advances, then Borrower shall from time to time pay to the Agent (for the ratable benefit of the Lenders) additional amounts sufficient to compensate the Lenders for such increased cost. Such costs shall be payable only if demanded within six (6) months after they were incurred and shall be due within thirty (30) days after demand. Demand shall be made by delivery to Borrower of a certificate of the Agent, setting forth in reasonable detail the calculation of the costs for which demand is made. Such certificate shall, in the absence of manifest error, be conclusive and binding on Borrower.

Increase in Cost. If, due to either (i) the introduction of, any change in or in the interpretation of, any law or regulation after the Closing Date, or (ii) the compliance with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) made after the Closing Date, there shall be any increase in the cost to the Lenders Lender of agreeing to make or making, funding or maintaining Eurodollar Rate Advances or Negotiated Rate Advances, then the applicable Borrower shall from time to time pay to the Agent (for the ratable benefit of the Lenders) Lender additional amounts sufficient to compensate the Lenders Lender or participant for such increased cost. Such costs shall be payable only if demanded within six (6) months after they were incurred and shall be due within thirty (30) days after demand. Demand shall be made by delivery to such Borrower of a certificate of the AgentLender, setting forth in reasonable detail the calculation of the costs for which demand is made. Such certificate shall, in the absence of manifest error, be conclusive and binding on such Borrower.